Market Forecast By Component (Solutions , Services), By Network Function (Access, Mobility Management Function, Policy Control Function, Unified Data Management), By Deployment Model (Cloud, On-premises), By End User (Telecom Operators, Enterprises) And Competitive Landscape
Product Code: ETC4379848 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | Singapore 5G Core Market |
Forecast period | 2025-2031 |
CAGR | 32.6% |
Growing Sector | Telecommunication |
The Singapore 5G Core market report thoroughly covers the market by component, by network function, by deployment mode, by end user and competitive Landscape. The report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Singapore 5G Core Market is poised for significant growth, driven by the government's commitment to becoming a global leader in 5G technology. As part of this initiative, both the public and private sectors are heavily investing in infrastructure to ensure city-wide coverage. The development of 5G networks is poised to revolutionize industries by facilitating the Internet of Things (IoT), enhancing connectivity, and enabling the deployment of smart city solutions. Additionally, with the rapid expansion of the Singapore 5G Core Market, several key trends are emerging. There is a heightened focus on securing networks from cyber threats as the infrastructure becomes more complex. Integration of Artificial Intelligence (AI) is also gaining traction, aimed at optimizing network operations and offering personalized user experiences. Additionally, 5G technology is expected to boost enterprise and consumer applications, with virtual reality (VR) and augmented reality (AR) applications becoming more mainstream in sectors such as entertainment, healthcare, and education.
According to 6Wresearch, Singapore 5G Core market size is projected to grow at a CAGR of 32.6% during 2025-2031. The growth of the Singapore 5G Core Market is underpinned by several key drivers. Among these is the robust government support for digital initiatives, which is embodied in the allocation of substantial funds for research and development in 5G technologies. Another critical factor is the increasing demand for high-speed internet with low latency, which is essential for next-gen applications like autonomous vehicles and telemedicine. Furthermore, the strategic partnerships between local telecom operators and global tech giants are pivotal in driving the adoption of 5G services. Finally, the growing prevalence of smart devices, which require seamless connectivity and data exchange, continues to propel the market forward.
In line with government initiatives, the Public Sector's role in fostering a conducive environment for 5G deployment cannot be overstated. Initiatives such as the Smart Nation project, which aims to transform Singapore into a leading economy powered by digital innovation, have led to the establishment of testbeds and sandboxes for 5G technology. Similarly, these plans have heightened the Singapore 5G Core Market Share. Moreover, these facilities enable businesses and researchers to experiment and develop 5G solutions tailored to the unique needs of various sectors. Government-led partnerships and investments also ensure that the infrastructure for 5G is not only robust but also secure, addressing concerns about cybersecurity in an increasingly connected world.
As the Singapore 5G Core Market continues to expand, several prominent companies have emerged as key players in its evolution. Singtel, with its strategic initiatives towards expanding 5G infrastructure, stands at the forefront of this technological revolution, while StarHub engages in dynamic partnerships to accelerate their 5G services. M1 Limited, another telecom giant, invests heavily in next-gen network capabilities, further intensifying the competitive landscape. In addition, the businesses’ clutch massive Singapore 5G Core Market Revenues. Additionally, multinational corporations like Huawei and Nokia contribute through collaborations on both hardware and network solutions, shaping the operational backbone of Singapore's 5G realm.
The integration of 5G technology in Internet of Things (IoT) devices is anticipated to revolutionize various industry sectors. Healthcare, with remote diagnostics and real-time monitoring, could experience unprecedented levels of efficiency and patient care. The manufacturing sector may witness a surge in smart automation, predictive maintenance, and improved safety, thanks to the lower latency and higher reliability of 5G networks. Autonomous vehicles, powered by the real-time data processing capabilities of 5G, promise to redefine urban mobility, potentially reducing congestion and enhancing road safety. With the ongoing advancement of 5G, it is paramount to continue exploring innovative use cases and develop stringent security protocols to protect the vast data streams inherent in this technology's application. This wave of digital transformation is poised to underpin the next chapter of Singapore's economic growth and societal advancements.
According to Ravi Bhandari, Research Head, 6Wresearch, one type of component critical to the advancement of 5G is the Radio Frequency (RF) Front End module. This module plays a vital role in managing signals between the device and the network, ensuring that devices can communicate effectively over the new spectrum bands that 5G utilizes. Another essential component is the antenna technology, such as Massive MIMO (Multiple Input Multiple Output) antennas that allow for more data throughput and increased capacity, which are fundamental to achieving the high-speed and low-latency promises of 5G.
The types of end users that stand to benefit significantly from 5G enhancements encompass a broad spectrum, ranging from individual consumers to large enterprises. On a personal level, consumers will experience faster download and upload speeds, improved quality of service, and newer applications such as augmented reality (AR) and virtual reality (VR). In the business realm, industries like telemedicine, automotive, entertainment, and smart cities are poised to leverage the advanced capabilities of 5G for innovation and streamlined operations. Notably, these advancements have the potential to breed new services and applications, further expanding the horizon of possibilities for end users across the globe.
The Singapore 5G Core market report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore 5G Core Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore 5G Core Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore 5G Core Market - Industry Life Cycle |
3.4 Singapore 5G Core Market - Porter's Five Forces |
3.5 Singapore 5G Core Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Singapore 5G Core Market Revenues & Volume Share, By Network Function, 2021 & 2031F |
3.7 Singapore 5G Core Market Revenues & Volume Share, By Deployment Model, 2021 & 2031F |
3.8 Singapore 5G Core Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Singapore 5G Core Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore 5G Core Market Trends |
6 Singapore 5G Core Market, By Types |
6.1 Singapore 5G Core Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Singapore 5G Core Market Revenues & Volume, By Component, 2021 - 2031F |
6.1.3 Singapore 5G Core Market Revenues & Volume, By Solutions , 2021 - 2031F |
6.1.4 Singapore 5G Core Market Revenues & Volume, By Services, 2021 - 2031F |
6.2 Singapore 5G Core Market, By Network Function |
6.2.1 Overview and Analysis |
6.2.2 Singapore 5G Core Market Revenues & Volume, By Access, 2021 - 2031F |
6.2.3 Singapore 5G Core Market Revenues & Volume, By Mobility Management Function, 2021 - 2031F |
6.2.4 Singapore 5G Core Market Revenues & Volume, By Policy Control Function, 2021 - 2031F |
6.2.5 Singapore 5G Core Market Revenues & Volume, By Unified Data Management, 2021 - 2031F |
6.3 Singapore 5G Core Market, By Deployment Model |
6.3.1 Overview and Analysis |
6.3.2 Singapore 5G Core Market Revenues & Volume, By Cloud, 2021 - 2031F |
6.3.3 Singapore 5G Core Market Revenues & Volume, By On-premises, 2021 - 2031F |
6.4 Singapore 5G Core Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Singapore 5G Core Market Revenues & Volume, By Telecom Operators, 2021 - 2031F |
6.4.3 Singapore 5G Core Market Revenues & Volume, By Enterprises, 2021 - 2031F |
7 Singapore 5G Core Market Import-Export Trade Statistics |
7.1 Singapore 5G Core Market Export to Major Countries |
7.2 Singapore 5G Core Market Imports from Major Countries |
8 Singapore 5G Core Market Key Performance Indicators |
9 Singapore 5G Core Market - Opportunity Assessment |
9.1 Singapore 5G Core Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Singapore 5G Core Market Opportunity Assessment, By Network Function, 2021 & 2031F |
9.3 Singapore 5G Core Market Opportunity Assessment, By Deployment Model, 2021 & 2031F |
9.4 Singapore 5G Core Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Singapore 5G Core Market - Competitive Landscape |
10.1 Singapore 5G Core Market Revenue Share, By Companies, 2024 |
10.2 Singapore 5G Core Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |